Wellington International Airport (Wellington Airport) (BBB+) disclosed to the NZX on May 2 that it has launched an offer of NZ$50-75 million (US$35.1-52.6 million) of seven-year bonds. Also on May 2, Insurance Australia Group (IAG) (AA-) revealed that it is considering an offer of NZ$250-350 million of subordinated convertible notes. Both offers will be targeted at New Zealand institutional and retail investors.
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